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Bitcoin resistance mounts pre-FOMC as Dogecoin sets 17-month BTC high

Bitcoin (BTC) stayed motionless at the Nov. 1 Wall Street open as traders rooted for clues over a possible direction.

BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView

Hopes of a breakout remain despite BTC sell wall

Data from Cointelegraph Markets Pro and TradingView showed a narrow range in place for BTC/USD overnight, the day seeing local highs of $20,681 on Bitstamp.

Markets were keenly awaiting news from the United States Federal Reserve on interest rates, which is scheduled for 2:00 pm Eastern Time on Nov. 2.

Until then, it i a case of “wait and see,” while on-chain monitoring resource Material Indicators noted sell-orders already increasing.

“The binance order book is starting to look like a game of Tetris,” it summarized.


Can internet outages really disrupt crypto networks?

While some security issues do exist, major internet outages like the one witnessed across the EU recently cannot really threaten cryptocurrencies or their associated networks.

MakerDAO co-founder Nikolai Mushegian dies at 29 in Puerto Rico

Mushegian was an important figure in the crypto community, contributing to multiple projects, including MakerDAO, BitShares and Balancer.

Chinese central bank exec says digital yuan will offer ‘controllable anonymity’

China’s digital yuan is one of the earliest CBDCs whose pilot phase has expanded to include millions of users and billions in transaction volume.

Chinese central bank exec says digital yuan will offer ‘controllable anonymity’

China’s digital yuan is one of the earliest CBDCs whose pilot phase has expanded to include millions of users and billions in transaction volume.

South Korean regulators aim to toughen crypto fraud punishments

The legislation, separate from the upcoming Digital Asset Basic Act, may came into force already in 2023.

El Salvador's Bitcoin purchase information can't be made public: Trustee

As a development bank for El Salvador, BANDESAL created a $150 million trust fund to guarantee the convertibility to dollars for citizens and merchants.

El Salvador's Bitcoin purchase information can't be made public: Trustee

As a development bank for El Salvador, BANDESAL created a $150 million trust fund to guarantee the convertibility to dollars for citizens and merchants.

Twitter monetization and free speech drove Binance's $500M injection: CZ

Binance will also assist Twitter’s integration into Web3 by implementing crypto payments and deploying a dedicated team of on-chain specialists to stop spam bot accounts.

I'm the captain now: Musk chops Twitter board, becomes sole director

According to an SEC filing, Twitter's nine board members lost their place on the board as part of Elon Musk's takeover deal.

Huobi Global denies ‘large-scale layoffs’ and key exec resignations

A spokesperson from Huobi Global says rumours of layoffs are "untrue" and the "senior management team is performing their duties as per normal."

Huobi Global denies ‘large-scale layoffs’ and key exec resignations

A spokesperson from Huobi Global says rumours of layoffs are "untrue" and the "senior management team is performing their duties as per normal."

Steph Curry files trademark for the 'Curryverse' where players earn NFTs

NBA superstar Steph Curry filed a trademark application for the “Curryverse" metaverse on Oct. 26.

Coinbase seeks to join Ripple’s legal fight against the SEC

Crypto exchange Coinbase has filed documentation asking permission to help Ripple Labs in its ongoing legal battle with the SEC.

Decentralized Storage Alliance seeks to bridge the Web3 gap through education and advocacy

The organization said that it intends to promote awareness and adoption of decentralized technologies, such as Filecoin, IPFS and Libp2p.

Stablecoins have a new name in Great Britain: Law Decoded, Oct. 24–31

From El Salvador and Lugano’s collaboration to yet another lawsuit against Do Kwon, this is what the last week in regulation looked like.

Ethereum flashes a classic bullish pattern in its Bitcoin pair, hinting at 50% upside

The formation of a bullish trading pattern suggests that the ETH/BTC pair could be on the verge of a trend reversal.

Ethereum flashes a classic bullish pattern in its Bitcoin pair, hinting at 50% upside

The formation of a bullish trading pattern suggests that the ETH/BTC pair could be on the verge of a trend reversal.

Ethereum flashes a classic bullish pattern in its Bitcoin pair, hinting at 50% upside

Ethereum’s native token, Ether (ETH), looks poised to log a major price rally versus its top rival, Bitcoin (BTC), in the days leading toward early 2023.

Ether has a 61% chance of breaking out versus Bitcoin

The bullish cues emerge primarily from a classic technical setup dubbed a “cup-and-handle” pattern. It forms when the price undergoes a U-shaped recovery (cup) followed by a slight downward shift (handle) — all while maintaining a common resistance level (neckline).

Traditional analysts perceive the cup and handle as a bullish setup, with veteran Tom Bulkowski noting that the pattern meets its profit target 61% of all time. Theoretically, a cup-and-handle pattern’s profit target is measured by adding the distance between its neckline and lowest point to the neckline level.

The Ether-to-Bitcoin ratio (or ETH/BTC), a widely tracked pairing, has halfway painted a similar setup. The pair now awaits a breakout above its neckline resistance level of around 0.079 BTC, as illustrated in the chart below. 

ETH/BTC weekly price chart featuring a cup and handle. Source: TradingView

As a result, a decisive breakout move above the cup-and-handle neckline of 0.079 BTC could push Ether’s price toward 0.123 BTC, or over 50%, by early 2023.

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Hong Kong financial regulator issues guidelines for crypto futures ETFs

The Securities and Futures Commission hinted it would follow in the CME’s footsteps by only initially allowing listings of ETFs linked to Bitcoin and Ether futures.

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